Bitcoin bulls are attempting to sustain the price above $111,000, but the bears have continued to exert selling pressure. Glassnode wrote in its latest Weekly Market Impulse report that BTC’s recent recovery was not supported by increased participation, signaling a “potential consolidation phase.” A slightly cautious view came from crypto market intelligence company 10x Research, which said that BTC’s current bull market cycle may not get extended beyond the traditional four-year cycle, as BTC has become too expensive for sustained retail purchases. The company projected a cycle top of $125,000 based on their ... (full story)